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20130222
20130222
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CNBC
Feb 22, 2013 4:00am EST
second line cities. so the government will introduce more measures. >> what kinds of measures and are they going to go beyond targeted property measures to tightening monetary policy more broadly? >> yeah, well, one thing they can do is stop the property mortgage market completely. and that actually happened at the end of the 2008 property market in china and property share prices crashed 70% n during that period. and i think short of debt, i just don't see chinese property prices falling any time soon. because what they say is genuine, elastic demand. because the people enough money, they have enough savings, they want to buy property for their own use before proch l property prices rise again. this is a rush to buy property in china. >> well, if they were to pull mortgages altogether, that would certainly put a break on the market. i guess what investors want to know is whether china will be more involved in trying to tamp down property price appreciation especially when officials are getting more aware of the lavish consumption. is this a time when we might see them be more aggress
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